Business
Baetis Ventures Announces Filing of Filing Statement
VANCOUVER, BC / ACCESSWIRE / October 24, 2018 / Baetis Ventures Ltd. (TSX-V: BATS.P) (" Baet...
About this update from Re Royalties Ltd.
[{"type":"text","content":"Baetis Ventures Announces Filing of Filing StatementVANCOUVER, BC / ACCESSWIRE / October 24, 2018 / Baetis Ventures Ltd. (TSX-V: BATS.P) (\"Baetis\" or the \"Company\"), a capital pool company listed on the TSX Venture Exchange Inc. (the \"Exchange\"), reports that it has filed, under its profile on SEDAR, a filing statement relating to the proposed acquisition of RE Royalties Ltd. (the \"Transaction\"). The Transaction, announced in Baetis' news releases dated April 2, 2018 and September 24, 2018, is intended to constitute the \"qualifying transaction\" of Baetis pursuant to Exchange Policy 2.4 - Capital Pool Companies. The Transaction remains subject to receipt of all necessary regulatory approvals including, without limitation, final Exchange approval, compliance with all applicable conditions in connection with the Transaction, and the delivery of customary closing documentation.Trading of Baetis' common shares will remain halted pending completion of the Transaction.Additional information in connection with the Transaction will be provided in subsequent press releases.Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.ON BEHALF OF THE BOARD\"Jonathan Younie\"CEO, CFO and DirectorTel: (604) 687-7767, Email: [email protected] Forward-Looking StatementsThis press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed Transaction, the proposed private placements, and the anticipated business plan of Baetis and RE Royalties Ltd. subsequent to completion of the Transaction. Although Baetis believes that such information is reason...